Self-Employed Contributions Act (SECA) Tax: Overview
Get ready to pay the self-employment tax if you launched your own business, freelance, or operate as an independent contractor. This is a tax that you were not required to […]
What is FUTA? and How to Calculate FUTA Liability
FUTA stands for Federal Unemployment Tax Act and it is a federal law that generates funds for the job service and unemployment insurance administration of each state’s. According to the […]
IRS Form W-4: Employee’s Withholding Certificate – How to File
The W-4 form is the form which must be completed by each employee to specify that the amounts of taxes are to be withheld from each paycheck. It has been […]
10 Things You Should Know About 1099s
The non-employment income is may be given by the bank who provides you the interest or you can get it from the brokerage account which holds dividend-paying stocks or if […]
Important Tax Forms, Terms, and Dates for Small Businesses
Even though tax season comes along every year, managing it all is still difficult. The process of filing business taxes can be intimidating for small business owners. Learning the process […]
Top Tax Preparation Software for Professionals in 2023
Tax software is the base of the business of a tax preparer. This is why it is the best professional tax software must have the capacity to create both business […]
1099 Form: 7 Mistakes to Avoid and 4 Tips to Prevent an Audit
If you earned income as a self-employed person, single proprietor, independent contractor, or LLC sole owner, you will get an IRS 1099 Form for that reason. You work for yourself […]
Foreign Account Tax Compliance Act (FATCA): Definition and Rules
The Foreign Account Tax Compliance Act (FATCA) is mandated for the foreign banks exchange financial information with the U.S, which was passed by American legislators. Americans used to avoid paying […]
+1-800-596-0806